Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$406,101$396,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$2,031$0
Note rate6.480%7.400%
Blended rate6.480%7.640%
1st payment$2,678.81$2,741.82
2nd payment$0.00$0.00
Taxes / mo$84.34$84.34
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$0.00$0.00
Total monthly$2,913.15$3,055.37
Cash to close$33,899$44,000